Schlumberger turned a profit in the second quarter as drilling activity continued to rebound from the pandemic-driven oil bust.
Shares in IOG dropped by more than 10% this morning after the firm warned recovery from its Elgood gas field might not live up to expectations.
Fifteen digital technology companies have begun a 12 month programme working with major players from across the energy industry to drive culture change in one of the UK’s largest industrial sectors.
ADNOC has dished out a unified drilling contract worth $763.7million, with Schlumberger and Halliburton landing sizeable shares.
Total E&P Uganda has signed conditional letters of award for surface facilities and drilling packages under its Tilenga project, in western Uganda.
Sound Energy is buying out partner Schlumberger from its position in shared eastern Moroccan acreage.
Oilfield services and technology company Schlumberger has announced an enterprise-scale deployment of advanced digital solutions for Malaysian national oil company (NOC) Petronas, to accelerate the NOC’s field development planning.
Reconnaissance Energy Africa has spudded the second well in the Kavango Basin, in northeast Namibia.
Arabian Drilling Co., a Saudi oilfield-services company partly held by Schlumberger NV, is preparing an initial public offering that could give it a valuation of around $2 billion, according to people familiar with the matter.
Schlumberger first-quarter profits fell 15 percent from a year ago, in large part because it sold several North American businesses during the pandemic.
Bosses at Plexus said today they were projecting higher revenues in the second half of the wellhead technology firm’s financial year on the back of a deal with Spirit Energy.
Egypt has launched its first bid round of 2021 and a new digital platform collaboration, with Schlumberger.
North Sea operators including Shell, BP, EnQuest and Premier Oil have all seen their shares jump in light of the oil price rally.
Drilling contractor Noble Corporation has rolled out an Aberdeen technology firm’s new safety observation app across its fleet.
Engineering giant Worley has confirmed its job cuts total since the start of the Covid pandemic has reached 11,400.
Plexus CEO Ben van Bilderbeek is weighing fundraising options to “extend the runway” for the business, which has been faced with years of losses but may now be on the verge of success.
A Schlumberger study has brought a “significant uplift” to resource estimates at the Buchan oilfield in the North Sea, Jersey Oil and Gas (JOG) has announced.
Schlumberger’s chief executive has described 2020 as “an exceptional year of operational resilience” with the firm posting pre-tax losses of $11.2 billion (£8.3bn).
Equinor has awarded framework contracts to Altus Intervention and Archer for a range of wireline services on its platforms offshore Norway.
Shell Petroleum Development Co. (SPDC) has sold its 30% stake in OML 17 to TNOG Oil and Gas, for $533 million.
Reconnaissance Energy Africa has begun drilling its first well in Namibia’s Kavango Basin.
North Sea firms ranging from BP to Hurricane Energy have enjoyed share price hikes after a deal was reached by OPEC to curb oil production.
Oil and Gas UK (OGUK) has brought on bosses at Schlumberger, Repsol Sinopec and Kellas Midstream to its board as it looks ahead to 2021.
Sirte Oil Co. (SOC) has doubled production to 100,000 barrels per day, following work to increase well productivity.
Bosses at a north-east precision engineering firm are hoping more oil and gas industry projects kick into gear next year after making hefty investments in new kit.